세계의 산업용 냉각탑 시장 : 유형별, 재료별, 용도별, 지역별 예측(-2030년)

According to Stratistics MRC, the Global Industrial Cooling Tower Market is accounted for $4.02 billion in 2024 and is expected to reach $5.23 billion by 2030 growing at a CAGR of 4.5% during the forecast period. An industrial cooling tower is a specialized structure used in various industries to dissipate excess heat generated during manufacturing processes or by machinery. It functions by transferring heat from hot process water to the atmosphere through evaporation or convection, thereby lowering the temperature of the circulating water. This is typically achieved by spraying water over a system of baffles or fill media, allowing it to come into contact with air. It aids in maintaining optimal operating conditions for industrial equipment and processes.

According to the U.S. Department of Health and Human Services, more than 1,500 industrial enterprises experience a high level of water consumption to maintain the cooling of their equipment.

Market Dynamics:

Driver:

Rapid urbanization and infrastructure development

As urban populations expand, there is a corresponding rise in the need for electricity, industrial goods, and urban infrastructure such as commercial buildings and residential complexes. These developments require significant cooling capacity to maintain operational efficiency and ensure the longevity of equipment. Industrial cooling towers play a vital role in providing efficient heat dissipation solutions, thereby experiencing heightened demand as urbanization and infrastructure development accelerate.

Restraint:

Water scarcity concerns

Water scarcity concerns arise in industrial cooling towers due to their significant water consumption for heat dissipation. In regions already facing water stress, this usage can strain local water resources and exacerbate scarcity issues. Regulatory restrictions or public pressure to conserve water may lead to limitations on cooling tower operations or increased compliance costs for water-intensive industries, thereby hindering market growth.

Opportunity:

Increasing focus on energy efficiency

Energy-efficient cooling towers utilize advanced designs, materials, and technologies to minimize energy consumption while maintaining optimal performance. As companies seek to reduce operational costs and meet sustainability goals, they are investing in these innovative cooling systems. Additionally, government incentives and regulations promoting energy efficiency further incentivize the adoption of efficient cooling towers, driving market expansion as industries prioritize environmentally friendly and cost-effective cooling solutions.

Threat:

Complex maintenance requirements

Industrial cooling towers have complex maintenance requirements due to their large size, intricate internal components, and exposure to harsh operating conditions. Regular cleaning, inspection, and upkeep are necessary to prevent issues such as scale build-up, corrosion, and microbiological growth, ensuring optimal performance and longevity. These maintenance demands increase operational costs and downtime for industrial facilities, discouraging some potential buyers and impacting overall market growth.

Covid-19 Impact

The covid-19 pandemic initially slowed down the industrial cooling tower market due to disruptions in supply chains, project delays, and reduced industrial activities amid lockdowns. However, as industries gradually resumed operations, there was a renewed focus on ensuring safe and efficient cooling systems to maintain production. Additionally, heightened awareness of indoor air quality and ventilation in response to the pandemic may have stimulated demand for cooling towers in HVAC applications, offsetting some of the initial downturn.

The natural draft cooling towers segment is expected to be the largest during the forecast period

The natural draft cooling towers segment is estimated to have a lucrative growth. Natural draft cooling towers are passive heat rejection systems that utilize the natural buoyancy of air to draw hot air up and out of the tower, facilitating the cooling process. These towers typically feature a tall, chimney-like structure with open-air channels that allow warm air from the process to rise and escape, creating a draft effect. As a result, natural draft cooling towers require minimal energy input, making them efficient for large-scale industrial cooling applications.

The power generation segment is expected to have the highest CAGR during the forecast period

The power generation segment is anticipated to witness the highest CAGR growth during the forecast period. In power generation applications, industrial cooling towers dissipate heat generated during electricity production, maintaining optimal operating temperatures for turbines and other equipment. By efficiently removing excess heat through evaporation or convection, cooling towers enhance the efficiency and reliability of power generation processes. They are essential components for ensuring the continuous and safe operation of power plants while minimizing environmental impact.

Region with largest share:

The Asia Pacific industrial cooling tower market is experiencing robust growth driven by expanding industrial sectors and infrastructure development in countries like China, India, and Southeast Asian nations. Moreover, stringent environmental regulations are encouraging the adoption of energy-efficient and sustainable cooling solutions. With increasing industrialization and urbanization, the Asia Pacific region is poised to remain a significant market for industrial cooling towers in the foreseeable future.

Region with highest CAGR:

The industrial cooling tower market in North America is experiencing steady growth due to increasing industrialization and the need for efficient cooling solutions. Factors such as stringent environmental regulations and the rising demand for energy-efficient cooling systems are driving market expansion. Additionally, the region's emphasis on renewable energy sources is further propelling market growth. With a robust infrastructure and a focus on innovation, North America's Industrial Cooling Tower market is poised for continued development and expansion in the coming years.

Key players in the market

Some of the key players profiled in the Industrial Cooling Tower Market include SPX Cooling Technologies, Baltimore Aircoil Company, Evapco Inc., Delta Cooling Towers Inc., Tower Tech Inc., GEA Group, Amcot Cooling Tower Corporation, Paharpur Cooling Towers Limited, Johnson Controls International plc, Hamon & Cie SA, Midwest Cooling Towers Inc., Babcock & Wilcox Enterprises Inc., Brentwood Industries and Enexio Management GmbH.

Key Developments:

In February 2023, Baltimore Aircoil Company (BAC) revealed its new TrilliumSeries Adiabatic Cooler. This adiabatic cooling Tower is ideal for energy efficiency and limited water use applications. The design maximizes both water and energy efficiency, ultimately minimizing costs. In addition, the TrilliumSeries Cooler is designed to make installation and ongoing maintenance simple.

Types Covered:

• Hybrid Cooling Towers
• Natural Draft Cooling Towers
• Forced Draft Cooling Towers
• Induced Draft Cooling Towers
• Counterflow Cooling Towers
• Crossflow Cooling Towers
• Other Types

Materials Covered:

• Concrete
• Steel
• Wood
• High-Density Polyethylene (HDPE)
• Fiberglass Reinforced Plastic (FRP)
• Other Materials

Applications Covered:

• Power Generation
• Petrochemical & Refining
• HVAC (Heating, Ventilation, and Air Conditioning) Systems
• Industrial Processes
• Food Processing
• Textile Industry
• Chemical Processing
• Pharmaceutical Industry
• Data Centers
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Industrial Cooling Tower Market, By Type

• 5.1 Introduction
• 5.2 Hybrid Cooling Towers
• 5.3 Natural Draft Cooling Towers
• 5.4 Forced Draft Cooling Towers
• 5.5 Induced Draft Cooling Towers
• 5.6 Counterflow Cooling Towers
• 5.7 Crossflow Cooling Towers
• 5.8 Other Types

6 Global Industrial Cooling Tower Market, By Material

• 6.1 Introduction
• 6.2 Concrete
• 6.3 Steel
• 6.4 Wood
• 6.5 High-Density Polyethylene (HDPE)
• 6.6 Fiberglass Reinforced Plastic (FRP)
• 6.7 Other Materials

7 Global Industrial Cooling Tower Market, By Application

• 7.1 Introduction
• 7.2 Power Generation
• 7.3 Petrochemical & Refining
• 7.4 HVAC (Heating, Ventilation, and Air Conditioning) Systems
• 7.5 Industrial Processes
• 7.6 Food Processing
• 7.7 Textile Industry
• 7.8 Chemical Processing
• 7.9 Pharmaceutical Industry
• 7.10 Data Centers
• 7.11 Other Applications

8 Global Industrial Cooling Tower Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 SPX Cooling Technologies
• 10.2 Baltimore Aircoil Company
• 10.3 Evapco Inc.
• 10.4 Delta Cooling Towers Inc.
• 10.5 Tower Tech Inc.
• 10.6 GEA Group
• 10.7 Amcot Cooling Tower Corporation
• 10.8 Paharpur Cooling Towers Limited
• 10.9 Johnson Controls International plc
• 10.10 Hamon & Cie SA
• 10.11 Midwest Cooling Towers Inc.
• 10.12 Babcock & Wilcox Enterprises Inc.
• 10.13 Brentwood Industries
• 10.14 Enexio Management GmbH